Is Farmington, MI a good place to invest in rental property?

Farmington, MI has a median modeled monthly cash flow of $-678 and a median cap rate of 3.6%, on a median sold price of $334,000. Prices changed +7.8% year over year.

What is the average cap rate in Farmington, MI?

The median cap rate across recently sold homes in Farmington, MI is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Farmington, MI?

The median sold price in Farmington, MI is $334,000 (about $174 per square foot).

Investing in Farmington, MI Real Estate

A data-driven snapshot of the Farmington, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$334,000Median sold price

$174Median $/sqft

3.6%Median cap rate

$-678Modeled cash flow / mo

+7.8%Appreciation YoY

4.1Months of supply

47Active listings

137Sold (last 12 mo)

What the Farmington numbers say

In Farmington, MI, the median home sold for $334,000 (about $174 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-678 of monthly cash flow. Sold prices moved +7.8% over the past year. Inventory sits at about 4.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Farmington cash-flowing listings

CashFlowRE ranks every for-sale home in Farmington, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Farmington deals, or browse the national market data.